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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: fut_trade who wrote (4893)	12/22/1997 8:46:00 PM
From: LRS	Read Replies (1) \| Respond to of 27307

I think you would be hard pressed to claim that investment clubs (a la the Beardstown ladies) are putting up their money for this one. If you mean institutions such as Vinik et al, then that's a different animal, but even they know that the music stops, and they definitely want to have a chair come January.

To: fut_trade who wrote (4893)	12/22/1997 8:48:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 27307

<<Basically, an investment club qualifies as an institution.>> Uh-huh. In the same way that Yahoo qualifies as an undervalued, slow-moving stock.

To: fut_trade who wrote (4893)	12/22/1997 10:18:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 27307

Somebody picked up 10,000 shares near the close. It should put upward pressure on the price tomorrow morning. Basically, an investment club qualifies as an institution. Peter, regarding your 10,000 shares, that's some investment club (or a modest fund). Seriously, how is it that 10,000 shares can put upward pressure on the open? This thing traded almost 1.5 million shares today. BTW, as someone else asked, how do you know these blocks you see are accumulation and not distribution? Also, isn't it conceivable that these institutions and even some insiders have already locked in these prices by throwing on a collar? Not sure how loose the collar has to be to defer taxes, but anyone long the stock could sell Jan 65 calls for 4 3/8, buy Jan 60 puts for 2 5/8, and guarantee themselves net proceeds of between $61 3/4 and $66 3/4 come Jan 16. I'd do it. Regards, Bob PS: ABC News did a story this evening on how Internet retailing hasn't really caught on this Christmas like many thought it would. Nice timing considering the explanation I read somewhere for AOL's gain today, that Internet retailers are having a bang-up Christmas.